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Global Oilfield Auxiliary Rental Equipment Market is expected to garner $35 Billion by 2020, registering a CAGR of 9.4% during the forecast period 2014-2020.

Oilfield auxiliary equipment are machines and instruments that are used to supplement the drilling process at oilfields. The equipment used less frequently on the oilfield are availed on rent by various oil extraction companies. The auxiliary equipment consist of sewage systems, mud labs, lighting system, distribution panels, storage tanks, debris junk catchers, transportation system, heat exchangers, flaring systems, drilling instruments and others. The major factors driving the oilfield auxiliary rental equipment market include the rising demand for energy sources, impending need for cost optimization and increasing deep offshore oil production activities. However, some of the restraints associated with the market are the advent of automated systems and lack of skilled workforce. The impact of automated systems is expected to affect the auxiliary rental equipment market in near future.

The report analyzes the market in the GCC region. In order to study the regional imperatives, the research is focused on countries such as Saudi Arabia, U.A.E., Oman, Qatar, Kuwait, etc. Weatherford, Schlumberger, The Olayan Group, Key Energy Services and others are some of the key players in the GCC region. Merger/acquisition and expansions are the prime strategies followed by numerous companies to gain a competitive edge in the market.

KEY BENEFITS

The study provides an in-depth analysis of the oilfield auxiliary rental equipment market with current and future trends to elucidate the imminent investment pockets in the market

Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the market

The report provides information regarding key drivers and challenges with their impact on the market

Quantitative analysis of the current market and estimations through 2013-2020 are provided to highlight the ongoing and future trends

Porters Five Forces model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market

2.4.1. Moderate threat of entry of new players
2.4.2. Rising threat of substitutes
2.4.3. Threat of bargaining power of suppliers
2.4.4. Threat of bargaining power of customers
2.4.5. Higher threat from industry rivalry

Oilfield auxiliary equipment are termed as machines and instruments, used for supporting activities at oilfields. The equipment used less frequently on the oilfield are availed on rent by various oil extraction companies. The major factors driving the auxiliary rental equipment market include the rising demand for energy sources, need of cost optimization and the increasing deep offshore oil production activities.

In the past year, oil prices have reduced to their four year lowest value, which has affected the profit of oil production companies. In order to ensure the profitability of business, companies are optimizing their redundant expenses. Auxiliary equipment’s are infrequently used instruments in oilfield activities. Therefore, companies avail such instruments on rent instead of purchasing them. These oilfield auxiliary equipment are offered on rent for an hourly, daily, weekly or annual period.

Weatherford, Schlumberger, The Olayan Group, Key Energy Services and others are some of the key players in the GCC region. Merger/acquisition and expansions are the prime strategies followed by numerous companies to gain a competitive edge in the market. The oilfield auxiliary rental equipment market is moderately attractive for new players based on the high capital investments and advanced technology requirement. Various companies present in the GCC region are in the process of expanding their presence by strengthening their sales channels.